Property profile

2448 Church St Burlington, NC 27215

OFF-MARKET
Retail properties & Spaces
6,844 SF 1.03 ac lot Built 2000
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fee-simple, Class A, 6,844 square-foot auto shop in Burlington, NC. Located on a high-traffic intersection (29,000 vehicles per day), this property boasts an absolute NNN lease with Mavis Discount Tire, a nationally recognized leader in automotive services, guaranteeing minimal landlord responsibilities. The lease features a remaining term of 1.2 years, followed by two 5-year options with 10% rent bumps every five years, providing excellent inflation protection. The property's strong financial performance is reflected in a 7.75% cap rate and a current NOI of $200,129. Built in 2000, this single-tenant property sits on a 1.03-acre lot and is strategically positioned as an outparcel to a top-performing Lowe's Home Improvement store, further enhancing its visibility and desirability. The surrounding area features a robust mix of national retailers, including Publix, Harris Teeter, CVS, Wendy's, O'Reilly Auto Parts, and Dunkin', indicating a thriving commercial environment. The property's location within a 5-mile radius boasting an average household income exceeding $75,000 and projected growth of over 4% by 2027, underscores its long-term investment potential. The asking price is $2,582,300, representing a price per square foot of $377.31. This is a 100% occupied property with a lease expiration date of January 30, 2026. This is a truly exceptional opportunity for investors seeking a secure, high-return investment with minimal management requirements.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2000
Total area 6,844 SF
Lot 1.03 ac (44,867 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Auto Parts Store

Location

2448 Church St Burlington, NC 27215
Burlington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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